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Gambling.co.uk: Gambling News Archive

Dragonfish helps 888’s bottom line

Leading online gaming operator reported a 14 percent rise in total operating income for the fourth quarter while its business-to-business activities rose 36 percent.

Friday 26th February 2010



888 Holdings, one of the world’s largest online gaming operators, has released its fourth quarter results showing a 14 percent year-on-year increase in total operating income of $67.9 million. The Gibraltar-based firm stated that this figure was a twelve percent rise from the second and third quarter’s $60.9 million and well above the first quarter’s $57 million. Helped by its Dragonfish unit, 888 reported that total operating income from its business-to-business activities swelled 36 percent year-on-year to $14 million, which was 13 percent higher than the previous three-month period. 888 announced that total operating income from its business-to-consumer activities reached $54 million, which was a nine percent year-on-year rise and eleven percent higher than the previous quarter. Total operating income from the firm’s business-to-consumer emerging offering was up by 52 percent year-on-year to seven million dollars while its casino operating income increased 13 percent year-on-year to $33 million. “We are pleased that the fourth quarter saw a return to stronger trading with 14 percent top-line growth compared to 2008 and twelve percent quarter-on-quarter,” said Gigi Levy, Chief Executive Officer for 888. “Overall, trading during the quarter was strong across the business. Dragonfish continues its impressive growth and in business-to-consumer casino and emerging offering were particularly strong with poker also returning to growth quarter-on-quarter. “Our positive momentum continues into 2010 and, supported by the successful Wink acquisition and our various business initiatives, we expect to grow the business further during the current year.”




Source: OnlineCasinoNews

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